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Are You Ready for the Coming Energy Shock?John LeakeThe United States Strategic Petroleum Reserve (SPR) was established in response to the 1973–1974 Arab oil embargo, which followe...
(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash […]
Crude prices settled into a relatively stable range of $90-100 per barrel despite the effective closure of the Strait of Hormuz
WASHINGTON DC, July 17 (IPS) - The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle...
Oil prices jumped about 5% Monday as doubt grew that the U.S. and Iran will reach a deal to increase ship traffic through the Strait of Hormuz. U.S. West Texas Intermediate futures...
As rising fuel costs clobber their economies, the Philippines and other developing countries in Asia are pushing to build strategic petroleum reserves to cushion against future sho...
Brent crude, the international standard, 1.5% to $86.79 per barrel after rising earlier. It was trading around $72 a barrel in late February, before the Iran war began.
Six months into the U.S.-Iran war, Russia’s oil windfall looks surprisingly meager despite initial predictions of a revenue boom.
Brent crude, the international benchmark for oil, is spiking again, reviving fears of inflation.
The world faces a shortfall of 1.8 million barrels a day this quarter as “renewed hostilities and maritime disruptions” derail a production recovery in the Middle East, according t...
ALBAWABA - As a global energy shortage due to the Hormuz conflict takes its toll, it’s beginning to show in the U...
The global energy crisis triggered by two wars is set to worsen, as Ukraine pummels Russia’s refining industry and Iranian attacks continue on Middle … Source
The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.
The World Is Running A Huge Oil Deficit, The SPR Hits A 4 Decade Low, And Diesel Shortages Are LoomingMichael SnyderThe world is barreling toward a historic energy crunch that will...
The Trump administration is releasing oil from the reserves to combat rising energy costs sparked by the closure of the Strait of Hormuz, which carries up to a fifth of the worldв...
The price of Brent crude climbed 3.5% to $86.18 a barrel after soaring nearly 10% on July 13. U.S. benchmark crude was up 3.1% at $80.55 a barrel.
Brent crude prices in the spot market briefly surged to around $144 per barrel before easing as markets adjusted. Yet as ADB notes in its report - despite this unprecedented supply...
According to people who follow the oil trade closely, we are entering the point at which the oil buffer of global reserves is reaching its limits. In layman’s terms, this means oil...
By Matt Egan, CNN New York (CNN) — Oil prices are once again uncomfortably high, but the bigger problem is lurking just beneath the surface. What initially began as an oil supply s...
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